* Fill ‘er up (Garrett Caples, Bay Guardian)

* Supervalu’s new CEO comes from Wal-Mart (Matt Mc Kinney, Star Tribune)

* Inmarsat flies high as FTSE’s upbeat mood continues (Nick Fletcher, Guardian Unlimited)

* Generali, Cr�dit Agricole Sign Pact (Sabrina Cohen, Barron’s)

* MBAs vs. Entrepreneurs (William C. Taylor, BusinessWeek)

* Constellation Ventures Stays Course After Bear Stearns Meltdown (Ty Mc Mahan, Wall Street Journal)

* Morgan Stanley shrinks Chicago prime brokerage (Sue Asci, Pensions & Investments)

* Milacron, potential new owners sign definitive agreement (Rob Neilley, Plastics Machinery & Auxiliaries)

* Wall Street’s Faustian Bargain with Washington (Randall W. Forsyth, Wall Street Journal)

have claimed it has been too easy on Wall Street by providing billions in bailouts following the financial meltdown. Now, however, the Securities and Exchange Commission is seeking its pound of flesh in the form of civil suits against participants in two sectors caught up in last year’s near-meltdown, credit-default swaps and money-market funds.

* More live blogging from the Senate Banking Committee’s “too big to fail” hearing (Emily.Flitter, American Banker)

The Senate Banking Committee is holding a hearing on how to regulate institutions that are too big to fail. The first panel, on which Federal Deposit Insurance Corp. Chariman Sheila Bair and Federal Reserve Bank of Minneapolis President Gary Stern testified, addressed the timing and composition of a systemic resolution authority. Now the second group of witnesses has assembled at the table.

* Bankruptcy judge mulls Chrysler plan as GM talks loom (Emily Chasan, KTAK)

(Reuters) – A U.S. bankruptcy judge on Tuesday considered whether Chrysler LLC could move forward with its plans for a quick sale of most of its assets while rival General Motors Corp prepared to resume talks with its union and detailed a plan that could shift majority ownership control to the U.S. government.

* KEN SILVERSTEINThe Financial Crisis, the IMF and Karl Marx (Ken Silverstein, Harper’s Magazine)

The Atlantic has a good piece in its current issue called The Quiet Coup: How bankers took power, and how theyre impeding recovery , written by a former IMF official named Simon Johnson. He describes the U.S. as potentially an emerging banana republic, saying, [E]lite business interestsfinanciers, in the case of the U.S.played a central role in creating the crisis, making ever-larger gamb…

* SEC makes new short-selling rules a priority (Marcy Gordon, San Francisco Chronicle)

Investors and lawmakers have been clamoring for the SEC to put new brakes on trading moves they say worsened the market’s downturn.

* Mitsubishi To Join With Aladdin Capital, Set Up Hedge Fund (Val Brickates Kennedy, Fox News)

Welcome to the major leagues of debt. Collateralized debt obligations, almost always referred to as a CDOs, are horrendously complicated deals that often leave anyone without a MBA wondering what was put into these CDOs.

* HOW TIME HAS CHANGED (Keith J. Kelly, New York Post)

magazine last night turned on the wattage for its sixth annual 100 Most Powerful People ceremony, which drew everyone from First Lady Michelle Obama and talk-show queen Oprah Winfrey to two of the three founders of blogging phenomenon Twitter.

* Obamas auto policy: All in the Democratic family (Timothy P. Carney, The Washington Examiner)

President Barack Obamas auto industry policy promises to heighten the influence of lobbyists and to open the door to ethical transgressions and even outright corruption. By naming as car czar a financier who is also a Democratic fundraiser steeped in cozy business-government relationships, and by replacing the traditional bankruptcy procedures with the will of politicians, Obama has injected D…

* Ex-DPW clerk gets probation (Dennis Yusko, Times Union)

former city employee who admitted stealing nearly $45,000 from the city was given five years’ probation.

* An industrial warehouse becomes one couple’s chic live-and-work space (Christopher Wynn, Dallas Morning News)

In an old industrial park off Wycliff Avenue, one warehouse stands distinctly apart from its beige and boxy neighbors.

Former UK ministers and MPs from all UK parties are set to back a bill later on Wednesday outlawing the activities of vulture funds, hedge funds which divert debt relief from the poorest countries into their own pockets.

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When the heads of the Big Four U.S. commercial banks, Citigroup, JPMorgan, Bank of America and Wachovia came to Federal Reserve of New York president Timothy Geithner in 2006 and 2007, begging him to do something about out-of-control subprime lending and investment by other, more or less unregulated Wall Street institutions, Geithner told them there was , because he was just a bank regulator, a…

When the heads of the Big Four U.S. commercial banks, Citigroup, JPMorgan, Bank of America and Wachovia came to Federal Reserve of New York president Timothy Geithner in 2006 and 2007, begging him to do something about out-of-control subprime lending and investment by other, more or less unregulated Wall Street institutions, Geithner told them there was , because he was just a bank regulator, a…

* SEC targets hedge funds for ‘preferential redemptions’ (Sue Asci, Pensions & Investments)

The Securities and Exchange Commission is investigating whether hedge funds gave favored employees or investors preferential redemptions by allowing them to withdraw money while freezing redemptions for other clients, commissioner Elisse Walter told members of the House Financial Services Committee today in Washington.

It was meant to be Vanity Fair or Vogue for the international business set, a chunky monthly tome crammed to its glossy gills with ads for expensive watches, private jets and second or third homes. But, with the international business elite on their knees, amid the wreckage of the credit crisis, it is closing time too for Portfolio magazine, launched just two years ago by luxury publishers Cond…

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It was meant to be Vanity Fair or Vogue for the international business set, a chunky monthly tome crammed to its glossy gills with ads for expensive watches, private jets and second or third homes. But, with the international business elite on their knees, amid the wreckage of the credit crisis, it is closing time too for Portfolio magazine, launched just two years ago by luxury publishers Cond…

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For months, “day traders” and hedge funds have locked onto real-estate companies’ stocks to make short-term market bets, causing volatility and adding to turmoil in the industry. But after several large stock offerings, the conditions that made such trades profitable may be shifting.

primary SemGroup investor and the man who headed up SemMaterials for three years are part of a $6.5 million offer to buy the asphalt units patented technologies, research and possibly keep dozens of jobs in Tulsa , according to reports Tuesday.

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New York State Common Retirement Fund, Albany, is investigating the 20 private equity and hedge funds mentioned in indictments of former CIO David Loglisci and Henry Morris, a top adviser and chief fundraiser for former state Comptroller Alan Hevesi, acknowledged Robert Whalen, spokesman for Thomas DiNapoli, current state comptroller and the fund s sole trustee.

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